Zenabis Global Inc. T.ZENA

We are a diverse, passionate team of doctors, scientists, researchers, growers, educators, and advocates who came together with the goal of increasing access to safe, high quality cannabis for medical patients and recreational consumers. Our four facilities are located coast-to-coast across Canada in Delta and Langley, British Columbia; Atholville, New Brunswick; and Stellarton, Nova Scotia. Zenabis currently owns 3.5 million square feet of facility space.

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Zenabis Global Inc. > ZENA was late to the trough...

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Comment by 1Lighthouseon Aug 21, 2019 9:17pm

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Post# 30053048

RE:RE:RE:RE:RE:RE:RE:ZENA was late to the trough...

Langley could very well be fully funded, and this raise was more to pay for all(many) of the new additional employees they are apparently hiring, based on their website. So this money is probably more SG&A (selling, general and administrative expenses).

Also someone on Twitter did some math saying it was actually only 7.5 million of additional debt added, as there were partial conversions on the debentures

sotypical wrote:

I feel the company is doing the best they can given the current market conditions, which are less then ideal right now.
wrote:

but what does not make sense is they themselves braged about 2-3 months ago that we were fully funded ? and now this bull$hit deal;; they out and out f--king lie these A$$holes